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HomeEducation CodeDiv. 14Pt. 69Ch. 2Art. 1§ 101011 School Facilities Funding Allocation

§ 101011 School Facilities Funding Allocation

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 101011 School Facilities Funding Allocation

This law says the money put into the 2006 State School Facilities Fund can be used to help schools and to pay back any loans or advances taken from that fund, plus interest, and to reimburse a separate bond expense fund.

Key Takeaways

  • •Money in the 2006 State School Facilities Fund can be used to aid school districts, county superintendents, and county boards of education.
  • •The fund must repay any loans or advances it received, plus the interest that was promised.
  • •It also has to reimburse the General Obligation Bond Expense Revolving Fund for its expenses.

Example

A county school board borrows money from the 2006 State School Facilities Fund to build a new gym. Later, the fund uses its own money to pay back that loan with interest and also sends money to the General Obligation Bond Expense Revolving Fund to cover its costs.

The borrowed money is repaid with interest, and the other bond fund gets reimbursed, just like the law requires.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 101011 School Facilities Funding Allocation

All moneys deposited in the 2006 State School Facilities Fund for the purposes of this chapter shall be available to provide aid to school districts, county superintendents of schools, and county boards of education of the state in accordance with the Leroy F. Greene School Facilities Act of 1998 (Chapter 12.5 (commencing with Section 17070.10) of Part 10), as set forth in Section 101012, to provide funds to repay any money advanced or loaned to the 2006 State School Facilities Fund under any act of the Legislature, together with interest provided for in that act, and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. (Added by Stats. 2006, Ch. 35, Sec. 16. Approved in Proposition 1D at the November 7, 2006, election.)

Last verified: January 10, 2026

Key Terms

2006 State School Facilities FundLeroy F. Greene School Facilities Act of 1998General Obligation Bond Expense Revolving Fund

Related Statutes

  • § 100615 School Facilities Fund Appropriation
  • § 100815 School Facilities Funding Appropriation
  • § 101121 School Facilities Funding Rules
  • § 101411 School Facilities Funding Allocation
  • § 101010 School Bond Proceeds Allocation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 101011.
View Official Source